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US TSYS: Slightly Richer Ahead Of JOLTS & ISM Services Data

US TSYS
USBulletMarketsFixed Income BulletsNorth America

TYH5 is 108-18+, 0-01+ from NY closing levels. 

  • According to MNI’s technicals team, the trend condition in 10-year futures remains bearish. Recent weakness reinforces the current bear cycle - the contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108.00, a Fibonacci projection. Short-term gains are considered corrective below the 109-10+ 20-day EMA.
  • Cash bonds are 1-2bps richer in today’s Asia-Pac session after yesterday’s modest bear-steepener.
  • Tuesday’s US data calendar includes JOLTS, ISM Services and Tsy 10Y Re-Open.
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TYH5 is 108-18+, 0-01+ from NY closing levels. 

  • According to MNI’s technicals team, the trend condition in 10-year futures remains bearish. Recent weakness reinforces the current bear cycle - the contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108.00, a Fibonacci projection. Short-term gains are considered corrective below the 109-10+ 20-day EMA.
  • Cash bonds are 1-2bps richer in today’s Asia-Pac session after yesterday’s modest bear-steepener.
  • Tuesday’s US data calendar includes JOLTS, ISM Services and Tsy 10Y Re-Open.